Law Flashcards on LGL153 Legal Entities Test 2, created by Kate Harrison on 14/11/2016.
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Created by Kate Harrison
about 8 years ago
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Created by Kate Harrison
about 8 years ago
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Mortgagor
Mortgagee
Property
Personal Property
Real Property
The two types of property law are treated __________________ under the law
True or False: Minerals below the surface of the land is "real property".
True or False: Airspace above the land is considered "real property".
True or False: Buildings occupying ling land are considered "real property".
True or False: Fixtures on the land are not considered "real property".
What is the Agreement of Purchase of Sale?
What role does the Crown have in land ownership?
Doctrine of Escheat
Fee Simple Estate
Life Estate
Leasehold Estate
Easement
Servient Tenement
Dominant Tenement
Express Grant:
Adverse Interest
Restrictive Covenant
Adverse Possession
Easement by Prescription
Encroachment by Prescription
Title is equal to...
If two or more people own property together they hold title either as...
Joint Tenants
Tenants-in-Common
Title related information is recorded
The two types of land registration systems in Ontario are
The Registry System is
The Land Titles System is
This involves checking entries recorded in abstract book, parcel registry, and/or automated title index and examining listed documents affecting title
Title Search is used for
Registry System Title Search examines how many years of history ownership?
What is a root deed?
Land Titles System Title Search examines how many years of title history?
Planning Act
Execution means...
An Execution Search is important because
Title Insurance
Principal =
Interest
Interest Rate is calculated:
Fixed Interest rate
Variable Interest rate
Frequency of calculation affects am
Mortgage are paid in
What are the three types of mortgages?
New Mortgage
Assumed Mortgage
Vendor Take-Back Mortgage
Term
Amortization Period
Amortization Schedule
Balloon Payment
Blended Payment
Non-blended payment
Open Mortgage
Closed Mortgage
Partially Open Mortgaage
Standard Charge of Terms
The Interest Adjustment Date (IAD) is
Interest adjustment amount is
What is the last day of a term for a mortgage called?
In the event of a default, how are pay outs determined?
What are the 4 obligations of a Mortgagor?
How is a mortgage discharged?
Default
Acceleration clause in the charge permits
Power of Sale
Foreclosure
Judicial Sale
Intellectual Property (IP) is
Is an idea alone protected as intellectual property?
Name three examples of intellectual property
What is the purpose of IP Protection laws
What are the 3 main types of IP Protection?
Copyright is
Infringement of Copyright
Patents
Patent Pending
Trademarks
Trade name
A trademark is not registrable if it is:
Owner of a registered trademark has exclusive right to use trademark fork for how many years?
Passing-off
Why is it advisable to register a trademark?
Remedies to infringement on trademarks?
TM symbol is registered or unregistered
R symbol for trademarks is
Industrial design is
